The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-14
CONDITION OF THE MARKETS
Wheat Opens Dull but Fairly Firm, a
Feeling of Listlessness Prevailing.
A Squirt Of Local Buying, However. Causes
Steady Closing-Corn Active and Higher
Oats Migher-Proyisions in Good Demand.
MONEY, BONDS AND STOCKS.

Remarkable Permformance I'm Connection
with Cincinnati, Hamilton g. Dayton Stocks
NEW YORK, July 13-Money call was
easy. at lat per cent, the laet loan being made
Nc 6 per cent, closing offered at per cent.
Prime mercantile paper, 81 06 per cent
Sterling exchange was dull, but steady and
unchanged
The total sales of stocks to-day were 275, 472
shares including the following: Canada
Southern, 9. $50; Delaware, Lsckawana 81 West
ern. 20 LOG; Erie, 4,330; Lake Shore, 1890;
Louisville g. Nashville, 1920; Northern Pa
ciHc, 46o7; Pacific Mail, 10, 406; Reading, 61,l00
ST. Paul, &c 80; st. Paul g Omaha. $3.50;
Texas Pacific. 316o; Union Pacific, 1S.44o
Western Union. Is. 745.
The stock market early in the day, showed
no change from the dizziness and stagnation of
the past two days. and gave no promise of any
thing different. About noon, however. several
traders began to offer Cincinnati, Hamilton 81
Dayton stock down. The last sale,
which occurred some weeks ago. WAS
ut LAG, and the stock was offered down to
par. while the lowest bid made for it
was 40; not a single sale, however, was recorded
during the day. simultaneously with this per-
Torrance a vigorous attack was made upon the
general list which succeeded in bringing ont
considerable .1opg" stock from weak holders,
and material declines were established in many
OF the active stocks, Union Pacific, MIS-
souri, Pacific, Cleveland. Columbus, Gin
cinnati & Indianapolis. and New England
being especially prominent. There was no news
Whatever to cause a decline, but the uncertain
ties and contradictory reports In regard to the
Baltimore 81 Ohio deal had created n feeling OF
nervousness. which renders the list specially
open to such attacks. The coal stocks, as a
class, were also remarkably weak. Jersey Cen
trrl especially, while the selling OF Reading was
very heavy, though il met with considerable
support There was something of . rally from
the lowest figures, but the feeling was feverish
and unsettled. The opening was decidedly weak
mt declines extending to per cent, but the mar
ket was extremely dull, though heavy, as gen.
ersl thing throughout the forenoon. The at
tack was made shortly after noon and the entire
list sprang into activity, white prices moved off
rapidly. The decline was checked before l:3O
p. NJ, when losses from noon figures ranging MP
to II had been established. fractional rally
followed, but after delivery hour the raidlng
were generally touched in the last half
hour. There some slight re-
covery in the last few minutes. but the close
was feverisb, unsettled and generally weak at
or near the lowest figures reached. The entire
active list ia lower, and Union Pacific is off %;
Cleveland, Columbus, Cincinnati & Indanapo-
lis, p: Pacific Mail, 23 Missouri Pacific. Oma
and Western Union. q Louisville 81 Nashville.
IL; Cincinnati Southern Il; Lake Shore. New
England and Reading, ST. Lackawanna, II.
Tue business in railroad bonds did not respond
10 the increased activity in shares, although
prices sympathized being weak and declining
throughout most of the dav. The total business
in all issues only $685., 600.
Closing prices were almost invariably lower.
St Paul consolg lost p, at 1874 and Alton &
Terre Haute dividend bonds, 5. to 40.
Government and State bonds were dull and